Big data is defined in IT terminology as the collection of the set of data which are so large and compound that the data is really difficult to capture, store, search, share, analyze, or visualize using the tools that are available. These big data in markets all around the world would mostly appear every time there is an attempt to distinguish the trends of a business from the available sets of data. The environment and human genome are some of the different fields of research where the big data would also be found. The limitations that is a result of the big data will have a significant effect on the business analytics, internet results, and finance markets. In order to process big data, it would require a software that is specialized in the coordination of parallel processing on simultaneous thousands of servers.
The importance of these large sets of data cannot be stressed to much especially when it comes to the operation of businesses during the time of uncertainty, where in the survival or extinction of the business will be based on how quick the data will be processed in order to support the decision that needs to be made. There was an article released about big data and its implication on the different industries in Ireland. The author of the article provided his views about the use of big data by the companies not only in Ireland but also in other parts of the world. One of the reasons why the companies in Ireland rely on the use of big data according to the article is because of the growth of the crisis happening in the Eurozone. But the effect of the double dip recession that is happening in Europe will also have an effect on the other industries around the world. In those cases, it is common for the different companies across the world to rely on the use of big data to gain an edge in the competitive market.
The processing of these large sets of data is beyond the reach of individually operated companies that is why a collaborative frame work will begin to emerge with the companies that are operating in the different sections of analytics and data science process and the sharing of results gathered from such data processing. Because the sales of smartphones today are overtaking the sales of personal computer, it is expected that big data analytics will be the nest big thing in the companies in Asia, Europe, and US that are investing in this type of field. A lot of companies will be interested in the idea of deep learning and machine learning in regards to the information integration of data processing. One part of Enterprise Analytics Visualization of data governance are the M2M and IOT. Big data processing will benefit so much from meta-driven integration.